After a four-week internal investigation at $14 billion electronics manufacturer Jabil Inc., CEO Kenneth “Kenny” Wilson has abruptly resigned just after passing his one-year anniversary at the helm of one of the chief suppliers to Apple, Cisco, and General Motors.
In exiting the CEO role last week, Wilson agreed to a set of restrictive covenants with one strikingly unusual provision: He’s banned from speaking to the media other than to say, “no comment,” according to his separation agreement. Wilson was also required to give the company a sworn written statement before his formal departure on May 18, but Jabil redacted the contents of the affidavit from investors. In exchange, Jabil paid him $2 million and allowed some of his unvested equity awards to continue to vest. (The company redacted its disclosures about his unvested equity.)
